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Company Registration No. 9537618 (England and Wales)
VR Safety Ltd Unaudited accounts for the year ended 31 October 2023
VR Safety Ltd Unaudited accounts Contents
Page
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VR Safety Ltd Company Information for the year ended 31 October 2023
Directors
Steve Hogan Saskia Hogan
Company Number
9537618 (England and Wales)
Registered Office
Suite 8 Riverside Business Centre Foundry Lane Milford, Belper DE56 0RN
Accountants
RLTP Accountants Suite 8, Riverside Business Centre Foundry Lane Milford, Belper Derbyshire DE56 0RN
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VR Safety Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,820 
1,422 
Current assets
Debtors
22,387 
1,599 
Cash at bank and in hand
656 
63 
23,043 
1,662 
Creditors: amounts falling due within one year
(56,928)
(48,916)
Net current liabilities
(33,885)
(47,254)
Net liabilities
(23,065)
(45,832)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(23,066)
(45,833)
Shareholders' funds
(23,065)
(45,832)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2024 and were signed on its behalf by
Steve Hogan Director Company Registration No. 9537618
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VR Safety Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
VR Safety Ltd is a private company, limited by shares, registered in England and Wales, registration number 9537618. The registered office is Suite 8 Riverside Business Centre, Foundry Lane, Milford, Belper, DE56 0RN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% RB
Motor vehicles
25% RB
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
4,349 
- 
4,349 
Additions
- 
13,500 
13,500 
At 31 October 2023
4,349 
13,500 
17,849 
Depreciation
At 1 November 2022
2,927 
- 
2,927 
Charge for the year
727 
3,375 
4,102 
At 31 October 2023
3,654 
3,375 
7,029 
Net book value
At 31 October 2023
695 
10,125 
10,820 
At 31 October 2022
1,422 
- 
1,422 
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VR Safety Ltd Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
(3,964)
291 
Trade debtors
25,043 
- 
Other debtors
1,308 
1,308 
22,387 
1,599 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,125 
1,125 
Trade creditors
110 
44 
Taxes and social security
1,921 
- 
Loans from directors
50,772 
47,747 
56,928 
48,916 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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